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BoT Toll Projects Analysis

The document discusses modifications in the concession period for Build-Operate-Transfer (BoT) toll projects, focusing on traffic growth variations and the impact of COVID-19. It outlines changes in traffic data collection methods pre- and post-COVID, as well as the implications of force majeure events on concession periods. Two sample analyses of toll projects are provided, detailing traffic data and calculations for average daily fees affected by the pandemic.

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36 views7 pages

BoT Toll Projects Analysis

The document discusses modifications in the concession period for Build-Operate-Transfer (BoT) toll projects, focusing on traffic growth variations and the impact of COVID-19. It outlines changes in traffic data collection methods pre- and post-COVID, as well as the implications of force majeure events on concession periods. Two sample analyses of toll projects are provided, detailing traffic data and calculations for average daily fees affected by the pandemic.

Uploaded by

msv.srikant
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Introduction - Key Topics

• Modification in Concession Period in BoT (Toll)


Projects
• Effect of Variations in Traffic Growth (Cl. 29) -
Actual Traffic when Target Date falls in COVID
Period
• Force Majeure Event after COD - Extension of
Concession Period (CP)
Cl. 29 - Effect of Variations in Traffic
Growth (Pre-COVID)

• Old MCA: Traffic Sampling for 7 days within 15


days prior to Target Date.
• Average of 1 year prior, on Target Date, and 1
year later.
• New MCA (Toll): Avg Traffic of last 365 days
prior to Target Date.
• MCA (TOT) - Article 24: Monthly Toll Collection
using 7 days sampling from specified periods.
• Seasonal Correction Factor for Target Traffic
Cl. 29 - Effect of Variations in Traffic
Growth (COVID Period)

• COVID Impact: Began March 25, 2020.


• Affected FY 2020-21 and FY 2021-22.
• Challenge: Determine Actual Traffic if any year
of Target Date falls within COVID period.
Sample 1 Analysis - Godhra -
GJ/MP Border

• CP: 27 Years | AD: March 1, 2011 | SPCD: Aug


27, 2013 | Target Date: Oct 1, 2019
• Target Traffic: 26,839 PCU/day | Toll
Collection: Rs 161 Cr p.a.
• Traffic data: 2018-2023 from Sch M & N,
IHMCL, surveys.
• Interpolation for Oct 2018, 2019, 2020.
• PCU Factor: 3-Axle = 4.5 if in MAV category.
Sample 2 Analysis - Kundarpur -
Surathkal - Nantoor

• CP: 25 Years | AD: Sept 5, 2010 | SPCD: Mar 3,


2013 | Target Date: June 1, 2019
• Target Traffic: 24,270 PCU/day | Toll
Collection: Rs 110 Cr p.a.
• Traffic Analysis (PCU/day):
• Concessionaire: May-18: 24,708 | May-19:
25,952 | May-20: 10,867 → CP +4.52 Yrs
(18.1%)
• IE/PD/RO: May-18: 22,027 | May-19: 25,952 |
Force Majeure Event after COD –
Extension of Concession Period

• Toll Cl. 34.6.2 (b): CP extension = period


prevented from fee collection.
• Partial collection (<90% of ADF): proportional
extension.
• ADF = (Prev FY Realisable Fee / 365) + 5%.
• COVID Lockdown: March 25 – April 19, 2020.
• COVID impact: FY 2019-20 (7 days), FY 2020-
21, FY 2021-22.
Calculation of ADF for COVID
Impacted Period

• Using COVID-Free Period ADF for COVID-


affected years.
• Options:
• 1. FY 2019-20 ADF (excl. 7 days) + 5% annually
→ FY 2020-21, FY 2021-22.
• 2. FY 2022-23 ADF - 5% annually → FY 2021-
22, FY 2020-21.
• EC (598.22) Jan 12, 2024: Average of
increasing & decreasing ADFs.

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